Final 1040, First 1041 FLEXCAST
Available Until
Your Desk
3.0 Credits
Member Price $147.00
Non-Member Price $169.00
Overview
Navigating the complexities of tax preparation after the death of a client is a critical skill for tax professionals. This course provides a overview of the unique tax issues that arise when a client passes away. Participants in course will learn how to accurately report income, deductions, and carryovers, as well as make informed decisions on tax elections. Additionally, the course will cover the essentials of filing the first Form 1041, including the various options available for managing estate income. By the end of this course, tax professionals will be equipped with the knowledge needed to handle these sensitive and complex tax situations with confidence and precision.
Highlights
Navigating the complexities of tax preparation after the death of a client.
Prerequisites
None.
Designed For
CPAs and tax professionals.
Objectives
Recognize how the death of the client affects tax preparation. Identify issues regarding reporting income, deductions, carryovers and tax elections. Determine options available on the first Form 1041
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Mary Kay Foss, California CPA Education Foundation
Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California. Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is a member of the AICPA Trust, Estate and Gift Tax Technical Resource Panel and has been quoted in California CPA magazine, as well as national publications.
Non-Member Price $169.00
Member Price $147.00